- AUD/JPY is extending downside along the 'Bullish Cypher' formation on the daily charts.
- The pair is in the red for 4th successive session after failure to hold trendline breakout.
- Technical studies have turned bearish on intraday charts, we see scope for further downside.
- Stochs and RSI have rolled over from overbought levels and biased lower with further room to run.
- 20-DMA at 88.13 is immediate support, break below will see further downside.
- On the flipside, 5-DMA at 89.10 is immediate resistance ahead of trendline at 90
Support levels - 88.13 (20-DMA), 87.66 (Sept 15 low), 86.93 (38.2% Fib retracement of 81.486 to 90.304 rally)
Resistance levels - 89.10 (5-DMA), 89.68 (Sept 25 high), 90 (trendline), 90.30 (Sept 21 high)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-JPY-continues-downside-in-Bullish-Cypher-pattern-eyes-20-DMA-at-8796-good-to-short-rallies-914078) is progressing well.
Recommendation: Hold for targets.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -74.1992 (Neutral), while Hourly JPY Spot Index was at 77.3069 (Slightly bullish) at 0840 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/ AUD neutral in the near term, scope further downside
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro- Woodies pivot (Major)
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro- Woodies pivot (Major)
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge 



